Tyson Foods’ New Leaders Position Company for Future Growth
February 21 2017 - 10:34AM
Tyson Foods (NYSE:TSN) President and CEO Tom Hayes today outlined
his vision for how the company will shape the future of food.
Speaking at the 2017 Consumer Analyst Group of New York (CAGNY)
Conference along with Sally Grimes, president of Tyson’s retail
business, Hayes said the company is strong today and will lead for
tomorrow by growing its portfolio of protein-packed brands and
delivering sustainable food at scale.
“The purpose of our company is to raise the world’s expectations
for how much good food can do, and we’re uniquely positioned to
deliver just that,” said Hayes.
The company will continue investing in innovation that will
bring to market a wide variety of new products that meet consumers’
desire for fresh food, more protein and in flexible forms that can
be eaten seamlessly throughout the day. The company highlighted a
dozen new products and announced that all Tyson® consumer brand
products would feature chicken with No Antibiotics Ever (NAE).
“We’re driving growth through strong innovation and
brand-building,” said Grimes.
Tyson Foods also is deepening its commitment to a more
sustainable food system. The company will innovate to develop new
solutions that deliver healthier food, healthier animals, healthier
workplaces and a healthier environment. In this commitment, the
company sees a long-term opportunity to grow and increase profits
sustainably. Tyson Foods’ holistic sustainability plan includes
commitments such as:
- Expanding its NAE chicken offerings, making Tyson Foods the
world’s leading producer of NAE chicken
- Setting a goal of reducing workplace injuries and illnesses by
15 percent year over year
- Establishing strategic partnerships to set science-based
sustainability goals
- Continuing third-party audits of farms to certify humane
treatment of chickens
- Improving how chickens are raised through a concept farm, with
innovations designed to be better for the birds, the environment
and food safety
- Increasing transparency across the business, including
sustainability efforts
“For us, sustainability isn’t a single issue; it’s about
focusing on multiple dimensions in order to advance the whole,”
said Hayes. “We will use our reach, capabilities and resources to
drive positive change at a scale we believe no other company can
match.”
Hayes also said the company’s new approach to financial fitness
will fund investment in long-term growth. It will include efforts
to reduce waste across the company, the allocation of capital for
growth and transforming business models through technology.
Reflecting the new direction of the company, Tyson Foods today
unveiled a new corporate logo. A downloadable version is available
here.
About Tyson FoodsTyson Foods, Inc. (NYSE:TSN),
with headquarters in Springdale, Arkansas, is one of the world’s
largest food companies with leading brands such as Tyson®, Jimmy
Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells®
and State Fair®. It’s a recognized market leader in chicken,
beef and pork as well as prepared foods, including bacon, breakfast
sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings,
tortillas and desserts. The company supplies retail and foodservice
customers throughout the United States and approximately 115
countries. Tyson Foods was founded in 1935 by John W. Tyson, whose
family has continued to lead the business with his son, Don Tyson,
guiding the company for many years and grandson, John H. Tyson,
serving as the current chairman of the board of directors. The
company currently has approximately 114,000 Team Members employed
at more than 400 facilities and offices in the United States and
around the world. Through its Core Values, Code of Conduct and Team
Member Bill of Rights, Tyson Foods strives to operate with
integrity and trust and is committed to creating value for its
shareholders, customers and Team Members. The company also strives
to be faith-friendly, provide a safe work environment and serve as
stewards of the animals, land and environment entrusted to it.
Forward-Looking StatementsCertain information
contained in this press release may constitute forward-looking
statements, such as statements relating to expected performance,
new products, product innovation, and sustainability. These
forward-looking statements are subject to a number of factors and
uncertainties which could cause our actual results and experiences
to differ materially from the anticipated results and expectations
expressed in such forward-looking statements. We caution
readers not to place undue reliance on any forward-looking
statements. These statements speak only as of the date made,
and we do not intend nor do we undertake any obligation to update
these statements.
Contact: Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com
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